TASI Technical Overview
Posted on Tuesday, April 4 2017 at 4:26 am GMT+0000Bullish reversal.
Although the long term outlook remains Bullish, trend indicators point towards weakness in the uptrend. Hence, long term traders shall remain neutral for the meantime, and wait to see a strong support confirmation before they can trust the prevailing uptrend. Moving to the medium term, the daily bottom confirmation at 6810 followed by a break above 6970 completed a daily reversal pattern to the upside and raised confidence in the Bulls ability to continue pushing the market higher towards the 7060 and perhaps 7200 levels.
TASI-EN 2017-04-04 |